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What is commercial property insurance? Commercial property insurance pays to repair or replace your building and any items owned by your business on business property if they are damaged or lost in a covered claim. This type of business insurance is often paired with business liability insurance. What does commercial property insurance cover? As with all insurance policies, there are certain events, called perils, that a commercial property insurance policy protects against.


While the covered losses may change depending on your provi united arab emirates mobile phone numbers database der, these are some of the most common perils that a commercial property insurance policy covers: Fire Explosion Burst pipes Windstorm Theft Vandalism Bottom Line Commercial property insurance protects your business’s property against perils such as fire, theft, vandalism and explosions. However, this is just one type of business insurance you should have. Commercial property insurance provides coverage for both real estate and physical objects. It covers these items: Real estate Office furniture Office electronics Equipment Supplies and materials Inventory Signs and fixtures Essentially, anything that you physically use for your business is considered business property and is covered by your policy.


You don’t have to itemize your business property to get coverage, although completing an inventory will ensure that you have enough coverage for everything, including office chairs, reams of paper and other supplies. What does commercial property insurance not cover? Certain types of losses are not covered by a commercial insurance policy. Common exclusions include damage and loss resulting from a hurricane, earthquake or flood. Coverage for these natural disasters often requires a companion policy to the commercial property policy.